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Avoid this Craigslist Real Estate Scam

By
Real Estate Broker/Owner with Cornerstone Business Group Inc 0225086119

A few times a month, I get a call from a tenant candidate who is trying toconfirm information they have been receiving from a "homeowner". The sad reality is, that 99.9% of the time, it's a Craigslist real estate scam. Let me lay the scam out for you so you'll recognize it before you become a victim.

  • The home is listed on Craigslist at below market rent.
  • The supposed homeowner will correspond with you via email.
  • He/she is always out of town on business, moved for a job, is visiting relatives, etc. He/she is never in the area when you want to meet up.
  • He/she has fired his/her Realtor because of incompetence, and now he/she is handling the rental alone. Ignore the Realtor sign in the yard and the lockbox on the door, and don't call the Realtor because there is bad blood between them. Besides, the Realtor doesn't have access any longer.
  • He/she cannot open the house for you because he/she is out of town. Go by and look in the windows.
  • Send your money order security deposit and first month's rent via FedEx to some out of the area address. 
  • The keys will be FedEx'd to you when the funds are received. 

And, with that, say goodbye to your money. The scammer has moved on to the next victim. Here is some advice to help you avoid being scammed.

  • Always call the Realtor on the sign. 
  • Never give your info out to someone who will not meet you in person.
  • Never send money to someone who will not meet you in person.
  • Remember, if it sounds too good to be true, it probably is. 

Be careful out there. There is always a low-life who is willing to relieve you of your money. Don't be a victim, let's figure out how to make them victims.

Comments(12)

Joe Jackson
Keller Williams Capital Partners Realty - Columbus, OH
Clintonville and Central Ohio Real Estate Expert

I have had this happen on my for sale listings and reported it to local police and the FBI

May 28, 2016 10:33 PM
Andrea Swiedler
Berkshire Hathaway HomeServices New England Properties - New Milford, CT
Realtor, Southern Litchfield County CT

Certainly have had this happen, but it wasn't Craig's List, it was Trulia!

May 28, 2016 10:37 PM
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Real Estate Agents - Luxury - Divorce

We are not now and have never been big fans of Craig's list for all things real estate....and certainly are wary of things that happen on this site.

May 28, 2016 10:38 PM
Ann Hayden 636-399-7544
Berkshire Hathaway HomeServices Select Properties-St. Louis Missouri - Des Peres, MO
SelectAnn.com

Mike Cooper ,

If it sounds too good to be true....then it probably is.

Sad,

Ann Hayden in Chesterfield, MO

May 28, 2016 11:01 PM
Sandy Padula & Norm Padula, JD, GRI
HomeSmart Realty West & Florida Realty Investments - , CA
Presence, Persistence & Perseverance

Nevertheless even taking these precautions, the scammers always try to stay at least one step ahead. We refuse to use CL, or HPads for this reason.

May 28, 2016 11:19 PM
Jennifer Mackay
Counts Real Estate Group, Inc. - Panama City, FL
Your Bay County Florida Realtor 850.774.6582

I avoid CL at all costs - so many scammers - thanks for sharing

May 28, 2016 11:35 PM
Conrad Allen
Re/Max Professional Associates - Webster, MA
Webster, Ma, Realtor

Hi Mike.  I will not use Craig's list for anything.  All that comes from is grief and aggravation.

May 29, 2016 12:03 AM
Susan Haughton
Long and Foster REALTORS (703) 470-4545 - Alexandria, VA
Susan & Mindy Team...Honesty. Integrity. Results.

Had this happen on a listing of mine which was certainly NOT listed on CL, so not using CL is not going to stop some people.  

May 29, 2016 01:08 AM
Bill Roberts
Brooks and Dunphy Real Estate - Oceanside, CA
"Baby Boomer" Retirement Planner

Ah Mike Cooper Just because some bad guys use Craig'sList is no reason to besmirch it.

Anyone that falls in that trap DESERVES IT.

bILL rOBERTS

May 29, 2016 01:11 AM
Dick Greenberg
New Paradigm Partners LLC - Fort Collins, CO
Northern Colorado Residential Real Estate

Hi Mike - We see this one several times a year, when potential renters call us to confirm their suspicions, but I'm sure many are still caught by the scam.

May 29, 2016 03:58 AM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

This is an excellent reminder to those who have heard about these scams before, and an effective warning to those who haven't been aware of it before.

May 29, 2016 12:38 PM
James Dray
Fathom Realty - Bentonville, AR

Good morning Mike.  I've heard of this one before.  I have used Craigs list to buy some things and so far (knock on wood) all went well. 

May 29, 2016 08:39 PM